With the development of the Internet in the last twenty years, the nature and manner in which financial transactions are carried out has undergone a sea change. In its early days, the Internet was used solely for purposes of communication. But in recent years the role and scope of the Internet has assumed new dimensions…
Category: Business
Business and Society: A Strategic Approach to Social Responsibility
1. Define technology and describe three characteristics that can be used to assess it. Technology is the set of processes and techniques that are employed to improve efficiency and scale of operations of a business. At its core, technological innovation is intended to bring about higher quality standards and greater profit margins for the company….
How do customers assess service quality of retailing websites?
Since the beginning of the 1990s, and with the advancement in global telecommunications technology, electronic commerce (commonly referred to as e-commerce) has really taken off. And online retailing comprises an integral part of this broader phenomenon. Here in the UK, as elsewhere in the world, traditional brick and mortar retail stores have extended their services…
Ratan Tata: Leading the Tata Group into the 21st Century
The Tata group, alongside Reliance and Birla conglomerates, is a household name in India. The group had risen to this prominence through its enterprising, innovative and ethical leadership over the course of more than a century. First under the auspices of Jamshetji Tata and later under the inspirational leadership of J.R.D. Tata, the group has…
The views of Robert Maxwell and Harold Edey on accounting policy, creative accounting and regulation
Robert Maxwell was credited with saying that Accountancy is not the exact science which some of us once thought it was, and in an academic paper, Edey (1989) stated that Accounting reports can provide no more than approximate (rough is a better term) indications of the financial health and state of a business. Profit is…
Problems & Benefits Caused by the Industrial Revolution
The industrial revolution, which had its beginnings in eighteenth century England, is regarded as one of the most important events in modern history. The prevailing capitalist world order can be traced back to the revolution. With the onset of the industrial revolution, the then prevalent feudal social systems where gradually dismantled and a new economic…
The Choice: A Fable of Free Trade and Protectionism by Russell Roberts
Russell Roberts is one of the prominent economic thinkers of our times. His works are known for their insightfulness, accessibility and relevance to current economic problems. The Choice: A Fable of Free Trade and Protectionism is one of his best works as it excels in the above mentioned qualities. The book essentially presents to the…
Warren Buffett overturns all the main ideas of modern investment theory
Warren Buffett, alongside Benjamin Graham is considered to be the leading gurus of investment strategy. Though Benjamin Graham pioneered the notion of ‘value investing’, it was Buffett who consolidated the theory through repeated application. The consistency with which Buffett’s portfolio out-performed the average market results does prove beyond doubt the veracity of his ideas. His…
To what extent should there be ‘employee voice’ within the workplace?
Introduction: In recent decades the topic of ‘employee voice’ within a business organization has come up for discussion in management literature. At the same time, business analysts have explored in depth various possible distribution of powers within the workplace and the dynamics involved therein. Terms such as ‘involvement’ and ‘participation’ have been elaborated and explained…
Should developing countries be exempted from WTO rules?
There are many sound supportive arguments for the view that developing nations have to be exempt from WTO rules. This essay will look into these in detail, while also presenting the rationale behind opposing viewpoints. Foremost among the arguments supporting exemption is the historical disadvantage suffered by developing countries. For example, most of the countries…